Promax Power IPO Dates, Review, Price, Form, Lot Size, & Allotment Details 2021

Promax Power IPO

Promax Power IPO will be Open Date is 30 September 2021 and closes on 4 October 2021. The company has fixed the price of this IPO at ₹10 according to the face value of ₹10. The company will raise ₹1.60 Crores through this IPO under the 16,00,000 Equity Shares public issue. And the offer is a 100% Fixed Price Issue.

Promax Power Limited An engineering company offering high-quality professional solutions, design, and engineering services to its customers. our highly skilled professionals and dedicated team ready to deliver their services. Promax provides technical expertise in the most efficient and cost-effective way helping to ensure the highest degree of reliability and availability of your project.

Having achieved a certain degree of expertise after successfully executing various projects we have an extremely experienced and diverse set of professionally trained and qualified engineers having versed ability in tackling and providing solutions to our customers and the capability to handle all requirements and installations even at the highest scale and magnitude.

Read also: Upcoming IPO List 2021

Promax Power IPO Review :

■ Apply for Long Term

Promax Power IPO Date & Price Band & Details :

Issue Offer :Fixed Price Offer
IPO Open :30 September 2021
IPO Close :4 October 2021
IPO Size :₹1.60. Cr
Face Value :₹10 Rs. Equity Share
Price Band :₹10 Per Share
Listing On :BSE, SME
Issue Size :₹1.60 Cr
Fresh Issue :₹1.60. Cr
Offer For Sale :₹. Cr
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Promax Power IPO Market Lot :

Promax Power IPO Minimum Market lot is 1 Lot with 10000 shares with ₹100,000 Application amount. The retail investors can apply up to 2 lot with 20000 Shares or ₹200,000 amounts.

Minimum Lot Size :1 Lot
Minimum Share :10000
Minimum Amount :₹100,000
Minimum Lot Size :2 Lot
Maximum Shares :20000
Maximum Amount :₹200,000

Promax Power IPO Shares Offer :

A total of 16,00,000 shares are to be bid for the public issue by Promax Power IPO with 16,00,000 for Fresh issue and – for offer for sale – Shares

CategoryShares OffersAmount
Fresh issue :16,00,0001.60 Cr
Offer For Sale :
Total :16,00,000 Eq Shares 1.60
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Promax Power IPO Reservation :

Promax Power  IPO Total Reservation of 16,00,000 shares are to be bid for the public issue by Promax Power IPO with – for QIB and 7,60,000 for NII 7,60,000 For RII & 80,000 Shares EMP.

CategoryReservationSharesAmount
QIB :%
NII :50%7,60,00076.00 L
RII :50%7,60,00076.00 L
MMRP :– %80,0008.00 L
Total :100%16,00,0001.60 Cr

Promax Power IPO Dates :

Promax Power IPO Date is 30 September 2021 and closes on 4 October 2021. The allotment will be finalized on 7 October 2021 and the IPO may list on 12 October 2021.

Issue Open Date :30 September 2021
Issue Close Date :4 October 2021
Allotment Date :7 October 2021
Refund Date :8 October 2021
Share Credit Date :11 October 2021
Listing Date :12 October 2021

Promax Power IPO Form :

There are two ways to apply in Promax Power IPO. You can apply for Promax Power IPO through ASBA available in your bank account. You have to go to your online bank login and select Promax Power IPO in the Invest section and apply through your bank account. Another option is you can apply Promax Power IPO through IPO form download through NSE and BSE. See the Promax Power IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.

Promax Power Company Financial Report (Thousand) :

YearAssetsRevenuePAT
2020₹2,04,296.54₹3,68,890.89₹1783.89
2019₹2,06,637.84₹77,632.97₹3114.72
2018₹106.30₹N/A₹0.11
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Company Strengths

  • Organizational stability along with management expertise
  • Smooth flow of operations
  • Well-defined organizational structure
  • Existing Supplier Relationship
  • Quality & ISO Certifications
  • Wide range of Product
Read also:- Rights issue 2021

Company Promoters :

■ Mr. Vishal Bhardwaj

Quick Link :

■ DRHP Draft Prospectus
■ RHP Draft Prospectus

Promax Power IPO Lead Managers :

■ Finshore Management Services Limited

Promax Power IPO Registrar :

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, #1, Club House Road,
Chennai – 600 002, India
Telephone: +91-44-40020700, 28460390
Facsimile: +91-44-28460129
Email: [email protected]
Contact Person: Mr. R.D. Ramasamy, Director
Website: www.cameoindia.com

Note: Check Promax Power IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here

Company Address :

Promax Power Limited
House No: 1575, Ground Floor, Sector – 38B,
Chandigarh – 160038, Union Territory, India
Contact Person: Mr. Vishal Bhardwaj
Contact No: 9023168830
Email ID: [email protected]
Website: www.promax.co.in

Promax Power IPO FAQs :

What is Promax Power IPO?
Promax Power IPO is SME IPO. They are going to raise ₹1.60. Crores via IPO. The issue is priced at ₹10 per equity share. The IPO to be listed on BSE, SME.

When Promax Power IPO will open?
The IPO is to open on 30 Sep – 04 Oct 2021 for QIB, NII & RII.

What is Promax Power IPO Size?
Promax Power IPO size is ₹1.60 Crores.

What is the Fresh issue size of Promax Power IPO?
The Fresh issue size of Promax Power IPO ₹1.60 Cr.

What is the Offer For Sale size of Promax Power IPO?
The Offer For Sale size of Promax Power IPO ₹0 Cr.

What is Promax Power IPO Price Band?
Promax Power IPO Price Band is ₹10 Per share.

What is Promax Power IPO Minimum and Maximum Lot Size?
The minimum bid is 1000 Shares with ₹100,000 amount while the maximum bid is 2000 shares with ₹200,000.

What is Promax Power IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50%.

What is Promax Power IPO Allotment Date?
Promax Power IPO allotment date is 7 October 2021.

What is Promax Power IPO Listing Date?
Promax Power IPO listing date is 12 October 2021. The IPO to list on BSE, SME.

How to Apply the Promax Power IPO through Zerodha?
“BSE SME IPO is Not Apply in Zerodha”.Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Promax Power IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Promax Power IPO through Upstox?
“BSE SME IPO is Not Apply in Upstox”.Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Promax Power IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Promax Power IPO through Groww?
“BSE SME IPO is Not Apply in Groww”.Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Promax Power IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Promax Power IPO through Paytm Money?
“BSE SME IPO is Not Apply in Paytm Money”.Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Promax Power IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

Promax Power GMP: Click Here

Promax Power Subscription: Click Here

Promax Power Allotment: Click Here

Promax Power Listing: Click Here

All Promax Power IPO-related links are available here. If you want to know the details then click on Click Here Link.

Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Promax Power IPO Dates, Review, Price, Form, Lot Size, & Allotment Details 2021
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